Matsushita to shift production base to China - *METCO*
โพสต์แล้ว: ศุกร์ ม.ค. 09, 2004 3:29 pm
Matsushita to shift production base to China (Source: Reuters)
Matsushita Electric Industrial, the maker of Panasonic products, is the latest
firm to announce a major shift in production from SE Asia to China due to ex-pected
huge local demand there. The company would focus on lower end products
there, with 40% slash in production quantity in SE Asia during a 3-year period. It
also aims to boost sales in China to Yen1 trillion by 2007.
Comment: There is no details that the production of CD Changer would be moved
or not, as the product is still considered hi-end. However, we view that in the long
run there would be negative impact on METCO, as the products account for over
50% of METCO's total sales. Moreover, Matsushita is the sole client for CD Changer,
which lead us to be concerned if the company can not find substitutes.
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Matsushita Electric Industrial, the maker of Panasonic products, is the latest
firm to announce a major shift in production from SE Asia to China due to ex-pected
huge local demand there. The company would focus on lower end products
there, with 40% slash in production quantity in SE Asia during a 3-year period. It
also aims to boost sales in China to Yen1 trillion by 2007.
Comment: There is no details that the production of CD Changer would be moved
or not, as the product is still considered hi-end. However, we view that in the long
run there would be negative impact on METCO, as the products account for over
50% of METCO's total sales. Moreover, Matsushita is the sole client for CD Changer,
which lead us to be concerned if the company can not find substitutes.
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